Lost Password? Register

Property news by Property Wire

Sun
Sep 07th
2008
Home arrow News arrow Europe arrow Think France, think Atlantic coast

Think France, think Atlantic coast

Print E-mail
Sunday, 29 June 2008
Biarritz the next hotspot in France
Biarritz the next hotspot in France

Property prices are holding up well in France and reasonably prices are available in the less know regions.

But investing in these areas does not mean being in the middle of nowhere. They still have access to fabulous beaches, scenery and even nightlife.

One such area is Biarritz in the south-west of France on the Atlantic coast which is poised to become a hot destination for those unwilling to pay over inflated prices on the Cote d'Azur, according to agents in the area.

It is a popular seaside resort just 30km from the Spanish border and has traditionally been a place where French families have visited for years.

But it is a comparatively unknown and unpublicised region of France for overseas investors despite having some of the best beaches in Europe including the classic Le Grand Plage and the fashionable Miramar Beach. The town is also a stop on the world surfing tour and has glitzy nightclubs and stylish restaurants.

'When looking to invest in France the Atlantic coast is often overlooked. Yet is a vibrant area, not some kind of rural backwater and for the longer term investor good potential. It is the Atlantic equivalent of the Cote d'Azur,' said James Finch of French Properties For You.

'Biarritz is a much loved region of France where strong capital growth is most certainly anticipated. A fabulous and affordable coastal alternative to the busy and expensive South of France. It is a discreet, fashionable and bustling destination,' said Bertie Sanderson of Erna Low Property.

The Atlantic Coast is definitely worth looking into according to Les Calvert, director of Property-Abroad.com. who believes that the new, faster Eurostar and the arrival of new, low-cost airlines is stimulating interest.

'The Mediterranean coast has always been popular, but now the Atlantic coast is becoming more popular, similar to the way the Silver Coast had been growing recently in Portugal,' he said.

'You can get the same amount of sunshine but for half the price of the Mediterranean side. It's also just as quick to get there now because of increased flight routes and more knowledge about the area,' he added.

This story relates to: flights  france  hotspot  property market  [SEE ALL]


BOOKMARK THIS PAGE (What is this?)     Digg!Reddit!Del.icio.us!Google!Live!Facebook!StumbleUpon!Newsvine!Furl!Yahoo!

 
Related News
More Recent News
Earlier News
Muriu Beach, Natal

Europe: Top Headline

French tourism boosted by visitors from Middle EastFrench tourism boosted by visitors from Middle East

Visitors from the Middle East have boosted tourism numbers in France this year as visitors from other nations declined because of the economic downturn.

Recent European news

Feature story

Islamic finance poised for massive growth as London becomes key hub outside the Middle East

London is emerging as the key centre for Islamic finance outside of the Middle East as financial institutions clamber to become part of a growing market. Currently it is estimated that Islamic banking manages funds of $200 billion. It is predicted to increase by up to 15% a year and be worth a trillion dollars by 2010.

Company news

Dubai of the Mediterranean - Tunisia

North Africa's smallest nation, Tunisia, may be mightily overshadowed by near neighbours Morocco and Egypt in the current property press.

Forum Watch

Forums debate the good prospects in German property market but finance is a big hurdle

With Germany emerging as one of the best longer term property investment prospects amid the credit crunch it has also become a major topic on the property forums this week.

Currency watch

Dollar ends on a positive footing

Lots of volatility on the exchange markets yesterday, with the dollar losing some of its recent initial strength but ending on a positive footing.

Newsletter

Subscribe to our weekly newsletter and stay updated on the property market trends.
Subscribe now >>

Subscribe to our Europe property and real estate news feed (RSS)
Reach your target market - Advertise with us